Backtest or not; this is the question

How to back test?

Before you put your real money in a new trading strategy you wanna see how it works, don't you. That was great if we could see the exact results - in advance. That could spare us lots of losing trade, save time and money. I believe that no serious trader invest their money without testing the investment (trading) strategy because they want to know their realistic expectation.

The most obvious solution could be the backtest. When you have a trading idea, a strategy you look at back on the chart for example a year and see how it worked in the past. This way you can have a good conception about the numbers of signals within a period of a year and its reliability.

If you are creative enough and put more effort in it you can write a script in a charting software and run that automatically - that's a little bit more advanced and effective way: the script won't miss any of the signal by mistake and give you detailed statistics about winning and losing trades, their proportions, etc. Doing this your script will check the chart for that particular signal from the past to today and pretend to trade all of them. This opportunity presents itself to see the trades and its results as you traded them. If you are still not happy with the outcome you can modify or fine tune your strategy and run the script again to see the differences. It's an exciting and interesting 'game' to see how a small modification can cause a huge effect for the final outcome. Once you finished optimalising your strategy you are ready to put in practice. Are you really ready for that?

Past performance is no guarantee of future returns!

During your back test procedure you probably got an average of 35% return on a monthly basis. Unfortunately and surprisingly when you start trading with that you experience much less or even losing series. You give it a couple of more chances and after a number of losses you finally give that up and start backtesting a new strategy. Familiar?

Back test and its deficiencies

Back testing is a two edged tools. It can spare you time and hard work but gives you false results - there is no exception it is always cheating you.

Market is always changing - we all know that market conditions like liquidity and volatility are always and continouosly changing. Because of this reason the past performance is no garantee of future returns.

Back test never sleeps - back test script trade all of the signal that match your criteria. It trades when you sleep, when you are with your family; all day and every day. Obviously you are not able to do that so you are not able to trade that number of trades. Also, (on the Forex Market) it trades all of the markets: London, New York, Singapore, Tokyo, Sydney, Frankfurt. I can tell you that no strategy can work in all markets as they have very different conditions providing very different trading opportunities. If you are unlucky and trade in that session which doesn't provide you proper market conditions - you will lose. (eg. Sydney session is obviouosly NOT the best period for trading EURUSD because of the lack of its liquidity - which comes in London session.)

Back test doesn't consider the news - you will find many trading possibilities and signals that you can't trade because of the imminent economical news. News usually provides extra volatility on the chart and seeing them afterwards indicates clear signals. Unfortunately trading them in time would not more than gambling - because we can't determine the results of the news and its effect for the market in advance.

Back test doesn't suffer from psychology - when you've got 3 consecutive losses (it can happen) your hands most likely will be shaking opening a new position when a new signal comes. Back test doesn't care the losses or winnings; it just trades.

Back test can survive drawdown - although your strategy performs very well in a certain period, it might has a very bad drawdown which causes 50% loss or even more. Because it is just a script and can indicate negative balance as well, it will continue working and building up the account again. That is what you CAN NOT afford and will stop trading around 20-30% losses; that's for sure. No one can trust any strategy which causes 30% loss in a given time period and says: ' That's ok, no problem let's do it again.' Moreover you are financially not able to continue trading as your real broker won't let you trading in negative balance, will they.

Which way can I test properly?

Because of the reasons above I developed my Real Time Testing System to eliminate those problems. At the moment I am writing these lines we work more than 7000 logged trades and have a massive statistics. Before I open a certain position I exactly can see its reliability under the specific circumstances ( currency pair, time window, time frame, market open, etc.) so I am very confident to trade that or not. Obviously I can't be deadly sure but I can reach as high as 80-85% of reliability with this way - and it's more than enough for confident and lucrative trading.

How to develop your trading strategy?

Where to start building trading strategy?

Your trading strategy must be in harmony with your personality and your life style. There are some points you must consider during planning a trading strategy:

Your trading time:
-when do you trade (time window)
-which market can you trade in during your time (open?)
-how many hours a day / a week do you trade

These things will determine the time frame you can trade. (If you can sit in front of your computer for hours you can go for scalp and/or intraday trading (M5, M15, M30, H1). If you have just a couple of hours daily or so you may go for semi-swing or swing trade on H1, H3, H4 charts. Obviously, if you have just half an hour daily to spend with trading you can go for the end-of-the-day-strategy.

Your personality:
-do you like taking risk?
-are you a patient person?
-do you like quick decisions or you like putting off things?
-are you greedy?
-can you take full responsibility for your decisions?
-etc.

If you are an unruly guy your best choice could be scalp and intraday. In contrast, if you are a judicious, 'slow' man you may need the swing and the end-of-the-day-strategy. The M15 can kill you if you are impatient. Actually this is the most challenging time frame. It is short enough to sit there and watch the chart continuously but slow enough to wait for a price pattern to be evolved (15-25 candlestick = 3.5- 6 hours). If you can't wait because you always 'want to do something' just simple leave it.

The timeframe will tell you the type of your trading strategy. Here is a quick guide about the trades and its time frame:



Please note that if your chosen trading style doesn't match with your personality or with your time you most likely will fail. (Eg. if you don't have time to 'handle' your positions on M15 you will lose most of them. Or, if you can't tolerate losses don't go with scalp because you easily can get 2-3 consecutive losses in half one hour which can make you frustrated, etc.)
I saw many situations when a 'good' strategy turned to big losses beacuse of the poor management and/or trader mindset.

Stick to basic Technical Trading Signals

People like fancy and sophisticated systems with many coloured lines, indicators and stuff like that. They are always looking for the Holy Grail so they keep creating complicated trading systems because they believe that Holy Grail can't be just a simple price pattern or something like that. Don't reveal them there is no Holy Grail. We need them as we win their money. What they lose that we win.

Actually, the basic signals work very well in all markets. Traditional price patterns, candlestick patterns, support-resistant levels, breakouts, notable SMA's and EMA's, MACD, STOCH, BB, volume and their combinations with each others - these ones provide the most reliable signals. (combine signals which complement each other.)

Self fulfilling Prophecy

Well, the more regular a signal is the more traders can recognize that. The more traders recognize that and invest in that direction the more bigger the chance the price moves in that direction. So, finally the more bigger the chance to reach the Profit Target of that signal. That's simple. That's why the most common signals still the best signals on the chart. I hear you saying that's boring. I wouldn't say that boring but obviously can be monotone. (monotone winning :-))

Developing a strategy

Developing a strategy means a long term process. You can develop a 'working' strategy in couple of days or weeks but you can't finish working on it. You can stop developing but you can't finish developing. You can always make a little modification to make it a little bit better or more efficient or taking less risk, or make it more reliable, etc... Markets are always and continuously changing, so you have to follow that with monitoring, fine tuning and modifying your strategy. That's the way to survive changes.



Once you achieved positive results on a particular security, market segment, time frame or even a currency pair you can start testing the same method on correlating and opposite correlating securities (or currency pairs); they have the biggest chance to give you similar results.

Next time I am going to write about back testing and its deficiencies and I'll tell you my way to test a strategy.

How to find a Trading Strategy that really work?

Trading Strategies

Trading strategy is a rule based system to provide framework for proven lucrative trading. It has to include the stipulations of entry point, exit point, rules of money management and position sizing, reliability and statistics.

A good trading strategy helps make wiser investment decisions and helps eliminate the emotional aspect of trading.

A trading strategy is a must

Every trader needs trading strategies to follow to protect themselves from their emotions and their irresponsible decisions. They don't necessarily have to be sophisticated plans but they must contain all important conditions of a trade.
Once you found / got / developed a strategy it needs to be tested to prove its return. You can test it on different markets, on different securities, in different time frames and guess what? You will surprisingly find very different returns. Most likely it works well in a certain situation and doesn't in the others. Most likely it works very well in a certain time frame and doesn't in the others. Or even performs well for a couple of months and turns to lose after that.

Each trading strategy has its own features such as trade frequency, probability, reliability, stop loss level, risk reward ratio, etc.

We are not the same

We are all individuals. We have different characteristics, different knowledge levels, different habits, different preferences, different styles and different daily schedule.
Some of us like taking risk, the others don't. Some of us are patient enough to wait hours and days for a proper signal to be evolved, the others aren't. Some of us like trading long hours in the night, the others don't. Some of us can tolerate a series of losing trades, the others can't. Some of us trade a couple of times a year while others trade a couple of times a day.

Everyone's strategy

There are thousands of ways to make money on the markets. You can scalp for a couple of pip. You can travel with a long trend or just can be satisfied with a good rally. You can enjoy the time with your carry trade or even trade in intraday section. Its up to you.

If you find / heard a strategy written on the Internet or got from your mate you could feel that you've got free money. Most likely they emphasize its reliability and its profitability and you throw away everything else and plunge with your new toy to the deep water.

After a couple of losing trade you may feel disappointed and wonder what happened with your trades. They promised that it works very well; did they cheat you? Most likely they didn't.

What they forgot to tell you that they work with that certain strategy on DJI. Ahhh, so you tried it with BHP? Too bad. And they use that as an end-of-the-day strategy. Ahh, so you traded in intraday section on 15 mins chart? Ohhh, poor. There are totally different market conditions and price movements, aren't there. How could you think that it's gonna work? Did you test it? Do you have your own experience and statistics about a hundred of trades or even more? Nope? How could you invest YOUR real money in that?

Your way, your strategy

When I found a good trading idea (regardless its source) I take it apart to find out why it works, how it works and what the main conditions are its needed. Once I fully understand that I try to adopt to my style: I test on my chosen market, my chosen segments, my chosen securities, my favourite currency pairs, in my trading time, on my trading time frames. Its a lot of works but it worth to do it; it saves money and spare me disappointment.

When I had my positive results I start trading that strategy with confidence.

I believe that this is the way to tailor a strategy and adapt for your system. There is no strategy which works all the time, on every market, on every security, on every timeframe. There is no Holy Grail or something like this.
But if you are smart enough and hardworking you can find strategies that match to your style and to your system. After that all you have to do is just to insist on your tested and proven system and monitor its efficiency. If anything changed you should fine tune or modify your strategy; you can do it as you know exactly how it works and why it works.

Next week I'll continue this topic and I'll write about the technical way to develop a strategy.

How to learn Tecnical Analysis?

Technical vs. Fundamental Analysis

Not long ago Technical Analysis was still an unrecognized professional. Traders made their decision based on Fundamental Analysis. Those who had quick and reliable or even ‘inner’ information led the market and were considered being professional.
Those Fundamentalists despised the strange guys with their hand-made paper based charts and their scribbles. When personal computers and the Internet started to be widely used the Technical Analysis became more popular.

Both of technical and fundamental ways are very controversial methods with their own deficiency. I would say that Fundamental Analysis show where the price should go; Technical Analysis shows where the price actually goes (not for a long time).

Primary source: the Internet

If you have a computer linked to the Internet you can access many curriculums, webinars, e-books, videos and other teaching materials.
Unfortunately, no one can or even wants to regulate the content of these materials so you will find a lot of rubbish there. I found thousands of pages written or in downloadable format which are totally useless, fake, misleading – even for charge.

Losers or winners - where are you?

I don’t wanna judge any of those schools; it everyone’s individual right. I’d like you to think about this:

90% of traders loses and 10% of them wins. Obviously, that 10% who has the most reliable knowledge. If you want to belong to that 10% you must learn and work hard. Always the top 10% wins. (I am not talking about the luck!)
What I want to emphasize is there is no Beginner Course, Intermediate Course, Advanced Course and stuff like that.

There is sufficient knowledge to lose and there is sufficient knowledge to win. There is nothing between them just hard work.

It is absolutely not enough to know something about the market or just pick up this and that. You need to have sound, comprehensive knowledge about Technical Analysis and must be able to put into practice.
I don’t want to say that you will use all information, technique, strategy etc… during your everyday trading, of course not. You have to and you will create your own trading style (time window, time frame, technique, MM, etc.) based on your knowledge and choose the tools that are suitable for your system. To be able to do that you need to know all of them.

Do you think that it is enough to only know the right hook if you want to enter for Boxer Championship? Maybe, you won’t use the upper cut because its not your best technique but you must know that to recognize and to get prepared when it comes.

Without comprehensive knowledge you have no chance to build your optimal trading strategy or to choose the most appropriate trading tool (analyzing tool) that leads you up to your success.
Additionally, the more you know about the market the more confident you can be during trading – and just trust me this is one of the most important aspect of your successful trading (psychologically too).

• be critical with the new information


• ask questions about different fields and check if there was any contradiction


• try to fit in the whole picture - do they match?


• does that make sense? Sounds logical?


• only accept information from an ACTIVE TRADER (who not just teach but actively trade his/her system)


• learn and practice hard, do your homework


• test your knowledge and your system with REAL MONEY on a small account; it will be totally different from demo

What's wrong with EURUSD?

EURUSD: the most liquid 'product' on the whole world

EURUSD is the world's most popular and most heavily traded currency pair. Also, we can say that this is the most liquid 'product' all over the world. People sell and buy much more EURUSD than any other product including bread. Of the estimated $3.98 trillion daily global turnover EURUSD traded approx. 27% . It is fully understandable that we, currency traders, pay close attention to it.

In the last couple of months EURUSD rallied up to 1.5000 and a little bit more. Individual traders laughed at USD being weak against the 'strong' EURO. In contrast, big investors haven't been so happy for awhile with this and sitting out on the fence. Things can be seen from many point of view, let's try this:

Who's interested in killing USD by EUR?

The biggest economy in EU is obviously Germany. Also, we all know that Germany is one of the world's biggest export country. At the first sight it means that strong EUR is very favourable for Germany; but actually not now. Fact is fact as EURUSD price fly high German economists are worrying about their future.
USA is still the biggest market for German industrial products - just think about German cars. Nowadays, when the exchange rate is very high USA doesn't want to buy such expensive cars like BMW, AUDI and Mercedes and pay even more for them. Those expensive cars become extravagant for USA. What does that mean for Germany? Obviously it causes less orders and less profit for them. Where does it lead to? Sooner or later they have to dismiss their employees because there is no job. Consequently the unemployment rate will raise, retail sales will decrease, consumer confident will drop down and the whole economy starts slowing down. Is that what they wanted? Is that so funny? I don't think so.

Flip side of the coin

People all around the world found USA products reasonable 'cheap' compare to their prices because of the exchange rate. For this very reason they are willing to order stuff from USA through the Internet. It is funny but USA retail has increased lately; despite of the 'recession'. What does it mean to them? More retail, more profit, more job, increasing economy, yeah?

Psychological resistance: 1.5000

Traders who saw the massive up trend went LONG EURUSD. Most of them are fully aware that 1.500 have always been and still is a psychological level for this currency pair so they set their Target Profit level around 1.5000. We work in the same pattern: wherever you buy EURUSD at 1.3983 or at 1.4297, it doesn't really matter you will get out at very last at 1.5000, won't you? You don't want to determine such a silly price like 1.4863 or 1.4987, do you? (unless you have a specified target there). We all try to target round numbers and 1.5000 seems to be a perfect one. So when optimistic buyers push EURUSD's price up to that level they find a massive selling pressure there and most likely they get out of that trade - meanings they sell their positions and the price will collapse. No more buyers but many sellers at that level. That's the way we 'establish' support and resistance levels.
(By the time I am writing this post EURUSD has collapsed around 350 pip. If you have a look at my Twitter you can see that I already predicted that 6 days ago.) Did you trade that opportunity?

Nothing wrong with EURUSD

Nothing wrong with EURUSD but this price action was regular and predictable. Sometime it's a good idea to think out of the box; just sit back a little bit further from your screen and 'see the Matrix'. Read between the lines when you watch economical news; see the relation between the human behavior and the price action.

I am a technical trader; I make my decisions based on my technical analysis. On the other hand I found it useful to be aware the basic fundamentals as they can help me understand the price movements and support my technical decision.

Plan Your Trade and Trade Your Plan!

Knowing is not enough; we must apply. Willing is not enough; we must do.

(Johann Wolfgang von Goethe)

I've heard an interesting story that I’d like to share with you.
I am not sure that if it’s true or not but here it is: Dale Carnegie, the well known writer and lecturer, asked a journalist to type and edit his books. He always worked with that editor through numbers of books. Carnegie was and still is famous about his own-developed courses in self-improvement, salesmanship, corporate training, public speaking and interpersonal skills. Obviously the editor had to read, edit, modify or even complete Carnegie’s thoughts and words to a publishable form. During their years the editor read all of his scripts many times and prepared bestsellers from them. Those books helped and have been helping for millions of people manage their life, their relationships and/or their businesses. Surprisingly, when the editor died he was found in poverty. He read, he knew all of Carnegie’s thoughts and instructions how to become rich and how to manage his life with success but he didn’t or couldn’t adopt them. Strange, isn’t it?

Why did I tell you this story?
I met many traders who have sound technical analysis knowledge. They spent ages learning this profession; they completed many courses, trainings etc. They participated in developing stable and reliable, proven lucrative trading strategies. They tried and tested many trading signals and strategies. They know literally more than enough to become successful trader. But they didn’t. They know everything in theory but failed to apply in practice. They know the rules but couldn’t keep them. They know how to make money but couldn’t manage to do so.

They start trading with a strategy and managing some winning trades. At this point they feel that they found the Holy Grail. This feeling fades away after having 2 or 3 losses and they don’t trust this signal anymore. Usually they stop trading at this point for awhile and look for another sophisticated and more complex signal system. The more complicated they seem to be the more attractive they are for a trader. Poor guys start it again; they throw away everything, open a clean piece of paper with the new Holy Grail. Unfortunately sooner or later they get some losses again and they becomes uncertain about their new toy. Guess what? This strategy is ending in the bin, too and the whole story repeat itself again, again and again.

Seeing these ‘failures’ they are totally confused at this stage and couldn’t trust any signals. They feel that they are fighting alone against the whole world. After that they are in a flurry and try out different things but they run out slowly of both their money and their enthusiasm. At the end of the story comes when they lose their patient and break all the rules: they decide to put on a huge position to win everything back in a minute. Inevitable that trade or the next one ruin their account.

There are thousand of ways to make money

I believe that there are thousand of ways to make money on the market. There is no Holy Grail or the only ONE. You can make serious money with a simple double top or double bottom price pattern. You don’t need to have any sophisticated stuff at all to trade with success. But you need to have your tested and proven lucrative strategy which determines your trading criteria (market conditions, entry point, exit point, risk taking and money management rules, etc.). Most importantly you MUST stick to your trading strategy under any circumstances while it is still proven profitable for a long term.

1.) Work out your detailed strategy
2.) Test the result for a series of trades (3 months , 100 of trades)
3.) Create your unambiguous rules
4.) Keep those rules
5.) Monitor the process during trading (because market conditions keep changing)
6.) Take corrective action if needed and
7.) Get back to the test phase again (2.)

If you do it so you will become ‘familiar’ with your strategy, you will be aware its deficiency (if any), when you can use that and when not, you will trust in it and you won’t be in doubt after having 2 or 3 losses because you will know that it can happen.
As I said that there are thousands of ways to make money with trading. But I am pretty sure that this is the only one (or very similar to it) approach which make you able to manage trading your strategy with success for a long term.
Cautious planning, deep testing, disciplined trading, consistent result; this is my motto in trading.

Which time frame should I trade on?

There are thousands of ways to make money on markets. Find yours!

Which time frame should I prefer?

It is a very controversial topic to discuss. We are not the same; our mindset, our trade strategy, our skills and our trading tools are very different, so no one could say that this one or that one is the only one and the best. Although, there are some aspects we should consider before choosing a proper time frame to trade on.

1. Market (securities) volatility (we don't want to invest in that paper which we think won't rise -within certain time)

2. Market (securities) liquidity (we don't want to invest in that paper which is illiquid so it's hard to buy or even sell when we want to do so)

3. Fees and commission (it is hard to make money on that time frame which gave you 1.0% price movement but your broker charges 1.5% on each transaction)

4. Your experience, your skills and your characteristics (things on short time frame could happens quickly so you may not able to interact in time or just can't get over it emotionally/psychically. Or opposite, maybe, you are just not patient enough to wait for a longer position)

5. Your availability (if you did not have 3 hours to sit in front of your screen you should forget M15 time frame; instead, go for H1 or H3 charts and get back hours later. Or, you can sit down to trade 2 hours scalping on M5 chart, it is up to you.)

6. Your goals (are you satisfied with having only 1-2 trades a week? Go for longer time frame. Or, would you be happier with 3-5 trades daily? M15 should be yours. Either way you can reach your realistic financial goal.)

7. Your trade strategy (not every trade strategy works well on every time frame! Choose the most successful/effective one)

8. Your trading tools (perhaps not all the time frame can be found on your trading platform. Analyze the 'missing' chart on another broker's platform -even on a demo- and put your trade on your real one - if you are happy with your broker normally; it's not a reason for changing.)

On the AU and US stock markets I work with my end-of-the-day strategies using daily charts. Yes, I do analyze weekly (and sometimes monthly) charts to define the main direction but I make decisions and trade on daily chart. I do not work on stock market in intraday session because I simple think that they are not suitable for intraday trading (they are not enough volatile and liquid for me).

On the Forex Market I start analyzing with daily charts then I move to shorter time frames like 3 hours, 1 hour and 15 mins charts. I prefer to trade on H3 and H1 charts (reliability!!!) and I quite often use M15. I don't prefer M5 or shorter time frames because of having very bad profit-spread ratio and random market noise. I developed my own M5 scalp strategy and it works well - with its limitations (in certain time window)

Well, any time frame works. Choose that one(s) which is comfortable you, suits your daily schedule, your temperament, and your trade strategy works well on. Be aware of the average movement expected (volatility) on that time frame; do not expect ( or even more don't just hope) unrealistic movements; calculate your Stop Loss and Profit Target levels according to that specific time frame.
Also, you should know that which technical signals work well on which time frame and how long the average life span is for those trades - but it could be another long topic.

Theory of probability on Forex

Let's play with numbers

If you close your eyes and put a random position on any Forex chart you have 50-50 % to win or even lose, right? It's gambling not much, but it has 50% chance, not too bad. ( obviously a little bit less because you have to pay broker fee -say spread- in both cases )
Ok, now. At this point it's similar to head and tail, yeah? ( assuming 1:1 Risk Reward ratio ). When we play head and tail we both have winning and losing turns. Sometimes I can win 3 or 4 times consequently, sometimes you can win a series of a couple. That's a chance. But according to the law of large numbers after a hundreds of games we are going to be equal, or very close.

Fifty - fifty

That should happen with your trades if you were not a professional. The more you trade the bigger your chance to be in balance, right? But you learned a lot, you got prepared so you MUST have better results than just being in balance.

How come there are so many 'educated' traders who are in a massive loss?
How come they have MUCH WORSE results than fifty - fifty?

I saw many traders losing their money, I mean losing all their capital. I saw many traders losing their assets within a couple of trades, couple of weeks or even months. But I've NEVER seen a trader who lost his/her account slowly, losing only 1-2% per trade and finally failed through hundreds of losing trades.
And perhaps you start understanding what I am trying to emphasize now: losing all their money is not a question of having proper knowledge or not; it is a question of personal approach and total lack of Money Management, can I say gambling? Traders who lost their full account are gamblers regardless their education. They can be educated but still gamblers.

There are some basic math formulas that traders MUST understood and follow in their trading plan. Money Management, Risk Reward ratio, Risk level of capital, drawdown, increasing the capital, increasing the size of position are just basic things everyone should be aware.

Did you think about the following example?
Mr. Lucky has a $100,000 account. If he lost 50% of his account he would have $50,000 as a new balance, right? From this stage he had to make a massive 100% gain ( double up his $50,000 account) to reach his original $100,000 account size again, say to be at zero. Hard, isn't it?

Here you are some calculations to see the proportion of losing percentage and getting back to original level.

Original Loss Remains Profit needed
100% 10% 90% 11.11%
100% 20% 80% 25.00%
100% 30% 70% 42.86%
100% 40% 60% 66.67%
100% 50% 50% 100.00%
100% 60% 40% 150.00%
100% 70% 30% 233.33%
100% 80% 20% 400.00%
100% 90% 10% 900.00%

As you can see even a 30% of loss pushes him to make a hard 42.86% profit gain to be at zero. Usually the next step is to put on a larger position trying to win it back. And guess what? Sooner or later another losing trade comes. It works as a chainreaction and kill his account within a couple of weeks.

Money Management rules have their own feature : only the luckiest ones can break them twice.

Success and the successful mindset

Quotes and sayings about money, success and proper mindset

There are so many great sayings and quotes about these topics. Here you are some of my favourite ones. Enjoy them.

‘Lead, follow, or get out of the way.’
-Ted Turner-

‘You can never quit. Winner never quit and quitter never win.’
-Ted Turner-

‘And the trouble is, if you don't risk anything, you risk even more.’
-Erica Jong-

‘The weak can never forgive. Forgiveness is the attribute of the strong.’
-Mahatma Gandhi-

‘A study of economics usually reveals that the best time to buy anything is last year.’
-Marty Allen-

‘Failure is simply the opportunity to begin again, this time more intelligently.’
-Henry Ford-

‘If only God would give me some clear sign! Like making a large deposit in my name in a Swiss bank.’
-Woody Allen-

‘Being defeated is often a temporary condition. Giving up is what makes it permanent.’
-Marilyn vos Savant-

‘Man is not the creature of circumstances, circumstances are the creatures of men.’
-Benjamin Disraeli-

‘When all men think alike, no one thinks very much.’
-Walter Lippmann-

‘Be fearful when other are greedy and greedy only when others are fearful.’
-Warren Buffet-

‘He is able who thinks he is able.’
-Buddha-

‘Whether you believe you can do a thing or not, you are right.’
-Henry Ford-

‘We can't solve problems by using the same kind of thinking we used when we created them.’
-Albert Einstein-

‘Anyone who has never made a mistake has never tried anything new.’
-Albert Einstein-

‘The most dangerous thing in the world is to try to leap a chasm in two jumps.’
-David Lloyd George-

‘A man who fears suffering is already suffering from what he fears.’
-Michel de Montaigne-

‘The most important thing about motivation is goal setting. You should always have a goal.’
-Francie Larrieu Smith-

‘Your greatest asset is your earning ability. Your greatest resource is your time.’
-Brian Tracy-

‘Any kind of wind not good it, for who is not aim selected port’
-Bonaparte Napoleon-


If you liked them you could download them in PDF file format.

Some of my Forex Trade on YouTube

Dear Traders

as many of you requested I shared a video about my intraday Forex trades. They were set on M15, hourly or 3 hour charts so I took screenshots about them. Enjoy.

Next time I try to record a live trade (obviously about a Forex scalp on 5 min chart or so ).

I hope you enjoy watching them,